Catchmark Timber Trust Inc (NYSE:CTT) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 17, 2016
Just yesterday Catchmark Timber Trust Inc (NYSE:CTT) traded 0.37% higher at $10.87. The company’s 50-day moving average is $11.43 and its two hundred day average is $11.43. With the last close down -4.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 94,527 shares of CTT changing hands over the typical 91,451
Zacks Investment Research has upgraded Catchmark Timber Trust Inc (NYSE:CTT) to Hold in a report released on 10/17/2016.
With a total market value of $0, Catchmark Timber Trust Inc has 52 week low of $9.70 and a 52 week high of $12.58 .
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokers have issued a research note on the company. The average stock price target is $12.67 with two analysts rating the company a strong buy, one brokerage rating the company a buy, zero brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Catchmark Timber Trust Inc (NYSE:CTT)
CatchMark Timber Trust, Inc. is a self-administered and self-managed real estate company investing in timberlands. The Company is engaged in the ownership, management, acquisition and disposition of timberland properties located in the United States. The Company invests in timberlands and manages such assets to provide current income and long-term returns to its stockholders. The Company conducts all its business through CatchMark Timber Operating Partnership, L.P. The Company owned interests in approximately 425,000 acres of timberland in the United States of America South, consisting of approximately 401,200 acres of fee-simple timberlands, and approximately 23,800 acres of leased timberlands. The Company's timberlands contained acreage consisted of approximately 74% pine stands and approximately 26% hardwood stands.
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